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Thursday, November 1, 2012

LIC HOUSNING FINANCE Ltd has declared
good results for the second quarter ending Sep,2012.

HIGH LIGHTS

ØLIC Housing Finance Q2 Net Profit Rs 243.06 cr up by
147%

ØIndividual Loan Disbursements up by 21%

ØIncome from operations Rs.1840 cr up by 23%

ØOutstanding Loan Portfolio Rs.69119 cr up by 23%

ØGross NPAs down from 0.64% to 0.60%

RESULTS
TABLE

LICHFL

Q2FY13

Q1FY13

%Dif QoQ

Q2FY11

%DIF YoY

Revenue from
Operations

180812.3

171786

5.25

145793.5

24.02

Other Operating Income

3192.01

2859.43

11.63

3486.23

-8.44

Total Income

184004.3

174645.5

5.36

149279.7

23.26

Finance Cost

145458

136737.4

6.38

112380.8

29.43

Employee expense

2308.87

1922.13

20.12

1754.9

31.57

Depreciation

184.56

179.01

3.1

183.51

0.57

Advt Expenses

314.85

42.49

641

211.67

48.75

Commission &
Brokerage

2787.45

1944.1

43.38

2443.37

14.08

Provisions / Write off
(Net)

694.37

4355.44

-84.06

20469.71

-96.61

Other Expenses

1195.55

1117.56

6.98

1019.53

17.26

Total Expenses

152943.7

146298.2

4.54

138463.5

10.46

Profit from Operations

31060.65

28347.3

9.57

10816.19

187.17

Other Income

2182.62

2084.83

4.69

2257.13

-3.3

Profit before tax

33243.27

30432.13

9.24

13073.32

154.28

Tax Expense

8937.65

7657.41

16.72

3233.87

176.38

Net Profit

24305.62

22774.72

6.72

9839.45

147.02

Paid-up
Equity(FV.Rs. 2)

10093.26

10093.26

0

9493.26

6.32

Basic &Diluted EPS

4. 82

4.
51

2.08

Performance Highlights – Q2 FY 2013

(Figures in Rs.
crores)

LIC HF

QE SEP
12

QE SEP
11

VARIATION

Individual Loan
Disbursements

5716

4736

Up by 21%

Interest Income on
Housing Loans

1808

1458

Up by
24%

Total Income

1862

1515

Up by
23%

Net Interest Income

354

334

Up by
6%

Profit after Tax

243.06

98.39

Up by
147%

Outstanding Loan
Portfolio

69119

56098

Up by
23%

Gross NPA (%)

0.60%

0.64%

The Company has recorded a healthy growth in business
during the second quarter ended September 2012.

It has disbursed
loans of Rs. 5716 crores in the Individual loans segment, registering a growth
of 21%over the second quarter of previous year.

Loan disbursements to developers for the quarter stood
at Rs.121 crores.

Total Income for the second quarter ended September 2012
was Rs.1862 crores as against Rs. 1515 crores during the same period last year,
registering a growth of 23%.

Net profit for the Q2 was Rs.243.06 crores as compared
to Rs.98.39 crores in the corresponding period last year, a growth of 147 %.

LICHFL
had made a provision of Rs 205 crore in Q2 FY 12 to meet regulatory norms. In
Q2 FY 13, the provisions dropped to Rs 7 crore during July-September, FY13 –
which has significantly added to the net profit margin.

"During the financial year 2011-12, the company had
aligned its provisioning policy on Standard / NPA accounts to match with
revised NHB norms and based thereupon made provision from the quarter ended
December 31, 2011. Had the policy followed for the quarter ended September 30,
2011 been continued, the profit before tax for Q2, FY13 would have been lower
by around Rs 122 crore"

Net Interest Margins for the Q2 FY13 stood at 2.10%
against 2.18% for the Q1 of FY13.

Performance Highlights
–H1 FY 2013

(Figures in Rs. crores)

L I C H F

H Y E SEP 12

H Y E SEP 11

Variation

Individual Loan Disbursements

10186

8204

Up by
24%

Interest Income on Housing Loans

3526

2816

Up by 25%

Total Income

3629

2934

Up by 24%

Profit after Tax

470.8

354.9

Up by 33%

For the six months ended September 2012, LIC HFL
disbursed loans of Rs. 10186 crores in the Individual loans segment,
registering a growth of 24%over the corresponding period of the previous year.

Loan disbursements to developers for the period stood at
Rs.443 crores as against Rs. 482 crores for the corresponding period of the
previous year.

Total Income was Rs.3629 crores as against Rs. 2934
crores during the same period last year, a growth of 24 %.

Net profit during this period was Rs.470.80 crores as
compared to Rs.354.90 crores in the corresponding period last year, a growth of
33%.

Outstanding Mortgage Portfolio as on September 30, 2012
was Rs.69119 crores as against Rs.56098 crores on September 30, 2011, thus
registering a growth of 23%.

Gross NPAs of the Company stood at 0.60% on September
30, 2012 as against 0.64 % as on September 30, 2011. Net NPAs were 0.28% as
against 0.12% for the corresponding dates. This is due to lower provisioning.

New Initiatives: The Company opened three new marketing
offices during Q2 FY13.

LIC Housing Finance, Director & Chief Executive, Mr.
V. K. Sharma, said “We have delivered a good disbursement number of 21% growth
during the quarter despite stiff headwinds and have maintained the asset
quality as well. It is encouraging to note that there is a 10% increase in
number of customers which is a very good sign. The other good indication is
that the incremental costs of funds are showing some trends of easing”

Overall, the company has performed very well in the
second quarter. As the economy and housing sector in particular is expected to
turn to the better in the coming months, LICHFL’s performance also can be
expected to improve significantly in coming months.

About Me

1.I have Authored and published a 736 Page, A4 size Book , 'Comprehensive Treatise on Patanjali Yoga Sutras in April2016. It has received Great Blessings and immense appreciation from Swamijis of several Ramakrishna Missions and many others. I have sent my book copies to many Vice chancellors, their university Libraries, and all Big Libraries in India.2. I have conducted hundreds of workshops on personality development and Life skills at The National Academy of Telecom Finance & Management, Hyderabad, and at several places in India .I have trained several thousands of people in various Life skills.Conducted such workshops even after retiring on 31.12.2009.3. I Practice Yoga daily - with Asanas, Pranayamas and Meditation.4. I prefer to experiment on all aspects of Yoga and HR skills in my own Life and make them part of my life. 5. How to BENEFIT the whole Humanity through my knowledge and skills - is my primary concern.6. I have done Masters in Economics & I am certified by National Stock Exchange of India as (i) NSE certified Investment professional Level 5 (ii) NSE Certified Investment Analyst Pro and (iii) NSE Certified Investment Analyst Champion.